Friday, April 15, 2011

Iraq needs 8 trillion dinars to cover its 2011 Rationing Budget

BAGHDAD / Aswat al-Iraq: Iraq’s Trade Ministry needs 8 trillion (t) dinars (US$7,156 billions approx) to cover the government’s 2011 Rationing List for 32 millions and 607,000 people in Iraq, Trade Minister, Hassan Babakir said.
“The distribution of the Rationing List represents 81% of the Trade Ministry’s budget,” Minister Babakir told a news conference, attended by Aswat al-Iraq news agency in Baghdad on Wednesday, adding that the number of people, covered by the Rationing List reaches 32 million and 607,000 people.
The Minister said that the above figure “is the largest number of people, getting government food support in the whole world.”
He estimated the share of each person from the Rationing List covers 9 kg of wheat flour, 3 kg of rice, 2 kg of rice, whilst the remaining shares of cooking vegetable or animal oil is distributed according to different parts of the country, as southern Iraq’s residents prepare to consume animal oil.
The Minister said that his Ministry had to import 500,000 tons of foodstuff monthly, costing 20,000 dinars for each citizen, meaning that the Ministry needs 8 trillion (t) dinars to cover its 2011 Rationing List, whilst the total budget of the Ministry does not exceed 4 trillion (t) dinars.

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